BRICS: Driver Of World Economy

The International Monetary Fund says the economies of Brazil, Russia, India, China and South Africa are going to see robust growth this year. Chinese analysts go as far as to say the BRICS financial systems will make up a third of the world’s GDP in just four years. Today the heads of the BRICS countries are discussing the joint opportunities the future holds for them. What are they, and what are the perspectives of the BRICS? Here’s the former senior resident representative of the IMF in Moscow and a professor at the Higher School of Economics, Martin Gilman.